Homeownership Programs eNews
July 25, 2019
[ The latest news for Minnesota Housing homeownership lender partners ]
Conventional Cash to Close Grant Income Limit Changes
The income limits for the Conventional Cash to Close grant used with the Freddie Mac HFA Advantage® option are changing. For most counties the income limits are increasing.
The new income limits are effective for new loans run in Loan Product Advisor® (LPA) on or after Sunday, July 28. Existing loans re-run through LPA on or after Sunday, July 28 may use the more generous of either the previous or the new income limit. The Conventional Cash to Close Lender Guide with updated income limits will be posted on our website by Monday, July 29. 
Monthly Minnesota Housing Update & Underwriter Call
Join us monthly to review recent Minnesota Housing updates and important information to help you originate and process our loans. Click here to register for the monthly calls.
When you register, you will be signed up for all sessions but can attend the sessions that work for you. All calls occur on the second Thursday of the month from 9:00-10:00 a.m. CST. Next sessions are:
  • Thursday, August 8
  • Thursday, September 12
  • Thursday, October 10
Training Opportunities
Check out our quick, on-demand eLearning courses:
  • Intro to Minnesota Housing (10 minutes)
  • Start Up Eligibility Basics (10 minutes)
  • Start Up Income Training (25 minutes)
  • Start Up Forms (20 minutes)
  • Downpayment and Closing Cost Loans (10 minutes)
  • Post-closing (10 minutes)
View the instructions to create an eLearning account to access these on-demand trainings. If you already created an account, view your training record and take the course.
Recorded Webinar (on-demand):
Questions?
You can reach the Partner Solutions Team at 651.296.8215 or 800.710.8871 between 8:00 a.m. and 5:00 p.m. on business days.
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